Date: Fri, 7 Feb 1997 21:31:14 -0500 (EST) From: Kevin Cabral <kcabral-AT-freenet.columbus.oh.us> Subject: M-TH: Contested Exchange and Libertarianism Justin Schwartz has, in his sharp criticism of Chris' class-struggleless society, hinted at a primary contradiction in wage labor, formulated by Marx and more recently illustrated by Bowles and Gintis, and that is the *contested exchange*. The idea of a contested exchange inherant in wage labor quite simply illustrates the way that the interests of capitalist and worker diverge politically because of the nature of wage labor; consequently this poses a problem for the libertarian concept of the nightwatchman state. This contradictory nature of wage labor is found in the plain fact that when a capitalist pays a wage to employ labor he advances to sum to pay abstractly for labor-power, the ability to do work. Thus the capitalist's interest is to get labor to do more productive and intense forms of work for the wage he pays them, while it is in the interest of workers to resist this intensification of the working day. Since workers do not have democratic resistance options available (i.e. workplace democracy) in the relationship of wage labor they must turn to political resistance which necessarily confronts the will of capital through government, unionism, strikes, et cetera. This political struggle between workers, and capitalists thus is, I argue, a necessary consequence of wage labor. Capital wants to use the machinery of the state to its advantage, while labor wishes to use it to theirs. Therefore this contested exchange brings into existance a dynamic state whose violence can potentially be captured and executed in the interests of either party to various degrees: modern liberal democracy. Any libertarian 'night-watchment' formulation will have to confront this criticism, and throughly explain how libertarian society eliminates labor resistance (and democratic resistance) to the will of capital that emerges from the contested exchange without resorting to the anti-democratic force of paramilitaries and Blanquist dictatorship that I think libertarian government must resort to in its defense of "libertarian" property rights. Kevin Columbus, Ohio --- from list marxism-thaxis-AT-lists.village.virginia.edu ---
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